Ethereum is Breaking its Correlation with Bitcoin, and It’s a Bad Thing for Bulls

19-Feb-2020

Ethereum’s recent price action has been closely tied to that of Bitcoin in the time since it faced a rejection at its recent highs of $290, with its inability to further extend its parabolic uptrend signaling that bulls may not be as strong as they were previously thought to be. Further adding to this bearishness is the fact that this close correlation to BTC is starting to degrade, with ETH showing signs of weakness as the benchmark cryptocurrency finds strong […] read more

Cole Petersen